Commenting on closing of the funding round, Mirna Sleiman, Founder & CEO, Fintech Galaxy, said, “Fintech Galaxy is driving the development of a much richer, broader financial technology ecosystem that goes well beyond banking to include insurance, asset management, exchanges, and pensions. We have designed the platform in collaboration with institutions and regulatory bodies from multiple jurisdictions across the region. “

Data protection is critical for any enterprise now, and data-centric security and rights management are key to survival and growth of any business. Hence, it is important to have a unifying platform in place, says Vishal Gupta, Founder and CEO, Seclore

Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM and Mastercard. This collaboration marks a key milestone for payments innovation in the region and is aligned with Saudi Payments’ aim to improve the Kingdom’s financial ecosystem.

With its partnerships already spanning across the region, Tarabut Gateway welcomed the recent news of the Saudi Central Bank’s (SAMA) directive to implement a Kingdom-wide policy on Open Banking, in line with the vision and strategic objectives of the Financial Sector Development Program. Bahrain was the first country in the region to outline an Open Banking Policy and Framework.

As per the new partnership agreement, Credence Security will add Sealpath’s Information Rights Management (IRM) solution to its rich portfolio. Sealpath projects a CAGR of around 22% for the IRM market.